How to Create Budget in Tally

Prepare the Budget  from the following information given below.

Expected Budget

Capital Expenditure Rs.500000 on Machinery A/c Rs.3, 00,000 & Furniture A/c

Rs.2, 00,000

Revenue expenditure Rs.1, 20,000 on Advertisement Rs.80, 000 & salary

Rs.40, 000

Actual Expenditure

1-4-2014 capital introduced Rs.20, 00,000

1-4-2014 Deposited into Bank Rs.10, 00,000

1-4-2014 Purchased machinery through cheque Rs.4, 00,000

1-4-2014 Purchased furniture for cash Rs.2, 50,000

1-4-2014 Purchased 1000 pieces @200 of account books (Discount 2%)

1-4-2014 Sold 900 pieces @ 280

1-4-2014 Purchased Return 10 pieces

1-4-2014 Sales return 5 pieces

1-4-2014 Salary paid Rs.45, 000

1-4-2014 Advertisement expenses Rs.1, 30,000

1-4-2014 Charge depreciation on machinery & furniture @ 10% p.a.

Activation of Budget

Press F11

Maintain budget & control – Yes

How to create

Go to the Accounting Info.

Choose Budgets

Create

Then fill the form

Then post normal entry in Accounting vouchers

Then check the report

How to see the Budget Report

Gateway of tally

Display

Trial Balance

Press ALT + B (Budget variance)